Capri Holdings Limited (NYSE:CPRI) has a beta value of 2.5 and has seen 1,870,902 shares traded in the last trading session. The company, currently valued at $8.67 Billion, closed the last trade at $57.41 per share which meant it gained $2.33 on the day or 4.23% during that session. The CPRI stock price is -2.04% off its 52-week high price of $58.58 and 80.77% above the 52-week low of $11.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.96 Million shares traded. The 3-month trading volume is 3.05 Million shares.
The consensus among analysts is that Capri Holdings Limited (CPRI) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 24 have rated it as a Hold, with 12 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Capri Holdings Limited (NYSE:CPRI) trade information
Sporting 4.23% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the CPRI stock price touched $58.05- or saw a rise of 1.1%. Year-to-date, Capri Holdings Limited shares have moved 36.69%, while the 5-day performance has seen it change 8.69%. Over the past 30 days, the shares of Capri Holdings Limited (NYSE:CPRI) have changed 16.26%. Short interest in the company has seen 6.42 Million shares shorted with days to cover at 2.1.
Wall Street analysts have a consensus price target for the stock at $55.81, which means that the shares’ value could jump -2.79% from current levels. The projected low price target is $40 while the price target rests at a high of $75. In that case, then, we find that the current price level is +30.64% off the targeted high while a plunge would see the stock lose -30.33% from current levels.
Capri Holdings Limited (CPRI) estimates and forecasts
Figures show that Capri Holdings Limited shares have underperformed across the wider relevant industry. The company’s shares have gained +158.72% over the past 6 months, with this year growth rate of -61.44%, compared to 6.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -100% and 152.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -30.1%.
18 analysts offering their estimates for the company have set an average revenue estimate of $1.02 Billion for the current quarter. 11 have an estimated revenue figure of $990.23 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.19 Billion and $427.31 Million respectively for this quarter and the next, and analysts expect sales will grow by -14.8% for the current quarter and 131.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.6% over the past 5 years. Earnings growth for 2021 is a modest -141.3% while over the next 5 years, the company’s earnings are expected to increase by 4.87%.
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Capri Holdings Limited (NYSE:CPRI)’s Major holders
Insiders own 2.15% of the company shares, while shares held by institutions stand at 97.99% with a share float percentage of 100.14%. Investors are also buoyed by the number of investors in a company, with Capri Holdings Limited having a total of 508 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 22.6 Million shares worth more than $949.02 Million. As of December 30, 2020, FMR, LLC held 14.96% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 19.46 Million shares as of December 30, 2020. The firm’s total holdings are worth over $817.39 Million and represent 12.88% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Value Fund and Vanguard Total Stock Market Index Fund. As of January 30, 2021, the former fund manager holds about 3.22% shares in the company for having 4861508 shares of worth $202.53 Million while later fund manager owns 4.26 Million shares of worth $178.88 Million as of December 30, 2020, which makes it owner of about 2.82% of company’s outstanding stock.